i'm sure i'll be speaking to get into the world of politics sports business i'm show business i'll see that. this is boom bust for the one business show you can't afford to miss branch of war in washington coming up another world leader has tested positive for corona virus as the pandemic continues to ravage the globe straight ahead we'll bring you the latest details on the breaking diagnosis and how the world is responding and there has been a major crackdown on the cryptocurrency industry as exchange giant bit max has faced some scrutiny from regulators we bring you up to speed on the controversy with 2 keen crypto observers with a packed show today so let's dive right in. and

we lead the program with news that u.s. president donald trump and 1st lady maloney a trump have tested positive for cope at 19 the president announced the diagnosis on twitter hours after tweeting he in the 1st lady were waiting for test results following news that one of his top aides hope pics had contracted the virus in a tweet sent around 1 am friday morning trump said they will begin the quote quarantine and recovery process immediately adding we will get through this together following reports questions were raised as to whether other administration officials had been exposed to the virus devon o'malley the press secretary for vice president mike pence issued a statement saying as has been routine for months vice president pence is tested for coping 1000 every day this morning vice president pence and the 2nd lady tested negative for cope at 19. vice president remains in good health and wishes the

troops well we recover so with the latest news well let's take another look at the trends and spread a virus globally with our t. correspondents. started where we brought in so brand cover in 1000 has now in fact that almost 35000000 people killing over 1000000 now in the u.s. more than 7500000 come from gate cases while deaths have surpassed 213000 so short of a vaccine still no one is safe right now from this virus not even the u.s. president by also want to take a look at us trend which is actually looking a lot better and going into the right direction as cases have been lower all of this week compared to last week so on thursday there were 41984 cases now that up 8 percent compared to last week but in prior reaks are actually

seeing increases up to 30 percent in new cases so this is actually looking a lot better and then in the deaths there were 847 reported also on thursday now that's a decrease of 16 percent from the numbers again that we saw last week and all this week the numbers have been much lower compared to last week so that's exactly the direction the country needs to be going brant and sorrow of course the biggest news story of the play is president roh being diagnosed with cobra now other world leaders have been diagnosed you tell us about that so our president is by no means the only world leader to have tested positive for the virus so far there's been brazilian president president jalal so naro there is russian prime minister mikhail . and then there's been u.k. prime minister boris jobs and now from this list. ukase prime minister johnson has

experience of worst of the virus where he spent about a week in hospital and 3 nights in intensive care now president trump on the other hand is currently only experiencing symptoms like a minor cold now there's also been other high profile figures have also gotten the virus which include chief. negotiator michel barnier britain's prince charles there is a strain as home affairs minister peter dutton iran's deputy health minister iraj she an advisor to iran's supreme leader hominy id act better value to you now edition only brand more than a dozen u.s. members of congress have also tested positive for the virus and that leaves $110.00 capitol workers and $43.00 members of the u.s. capitol police sobran this virus obviously has no bias to who you are whether you're a world leader or a front line worker or just ordinary people like you and i brant are 2 correspondents side to abjure thank you for keeping us up to date.

and we have more jobs data out of the united states as the bureau of labor statistics announced non-farm payrolls grew by $661000.00 in september while the unemployment rate dropped to 7.9 percent from 8.4 percent in august comus had expected gains of as much as $800000.00 jobs but we missed the mark there now the sectors that gained the most in september included leisure and hospitality retail and health care and social assistance losses came in government employment which lost 216000 jobs employment in local and state government education also fell 523-104-9000 respectively as many schools remain closed in favor of at home learning due to the pandemic now this was the last jobs report before november's election and it will be introducing to see what happens in october without another stimulus package as we are already seeing tens of thousands of travel and leisure

jobs lost in just the last week and with all of this economic news from the president's diagnosis to a lack of stimulus to unemployment data let's go ahead and see how global markets reacted this week we're going to star in russia where the x is down for the week the ruble saw some gains midweek on u.s. stimulus hopes but fell on friday spur bank shares fell 8 percent while shares they fell 3 percent moving to asian markets the shanghai composite ended the week just below flat china's official manufacturing purchasing managers index report for september came in better than expected at 51.5 midweek helping the index by mid afternoon friday the index saw significant losses on that truck over 1000 newts in hong kong the ended barely in the red following similar trends the index did gain point 8 percent midweek china ever grand soared 19.4 percent but still not enough to end with gains in hong kong in japan the nikkei it's down on the week after

seeing. record highs the index fell on thursday after the tokyo stock exchange detected a hardware malfunction an overall trading halt was announced later that day and remain closed for the remainder of the day we see our 1st green arrow in india where the sensex climbed on hopes that the u.s. u.s. stimulus. bank led gains after a positive outlook on retail recovery the sensex and nifty they posted their biggest weekly gains in the last 3 months up over 3 percent each for the week the index was closed on friday and australia it's in the red for the week the index tumbled on terms positive coppa 19 tests as we're going to see throughout the world the country's retail sales data for august fell 4 percent on a seasonally adjusted basis following a 3.2 percent rise in july the all share in south africa it's up on the week the stocks edge towards a quarterly gain on gold and silver boost the index did fall 1.2 percent on friday in line with many other world markets and now let's move over to the europe and to

the americas and in london the footsie it squeaked out a green arrow despite fears of a lockdown on a 2nd coronavirus resurgence the index climbed on hopes that the u.s. stimulus but took losses friday before rebounding just before close of trade to hit that green arrow the french and german dax well they're following similar trends and they just finished up as well each drop point 8 percent on trump's coronavirus diagnosis but were able to rebound and finish out the week in the positive than if he's remained pretty stable throughout the week with some gains as h.s.b.c. shares surged after china is paying on insurance agency announced plans to increase stake in europe's largest lender let's move across the atlantic to brazil where the ebo best buy it is down on the week the index hit its lowest level this week in $100.00 days the rielle slipped point 6 percent on concerns over the country's overshoot of its spending limit investors are keeping an eye on a new fiscal aid package in the country the b.m.v. north to mexico going to the b.m.v.

it is in the red this week the country. remittances hit their 2nd highest level since records began being tracked in 1905 remittances to the country showed a 5.3 percent rise in the same month last year a large number of new crowbars cases continue to weigh on markets in mexico in the u.s. the dow the nasdaq and s. and p. they're all in the green after that tech selloff that has ravaged the u.s. equities for weeks and then the 3rd quarter on a high note on friday they did take a hit as we have we have seen worldwide with that news with an election looming and negotiations over a new stimulus package it's going to be interesting to see where u.s. markets land over the next few weeks finally in canada the ts x. it is in the red the financial sector did see some gains this week in manufacturing activity expanded in september still energy stocks led the losses and took a plunge further after that diagnosis that we've talked about so much in this show and that is your global market walk. and boeing announced thursday it will shutter

the original assembly line for its 73787 jetliner in the seattle washington area moving production to its south carolina facility now the relocation will begin around the summer of 2021 boeing will keep assembling other aircraft at the seattle plant while it's not clear what impact the move will have on jobs washington state representative j.t. wilcox said it could affect as many as 900 jobs in a facebook post washington governor jay inslee spoke about the situation thursday when this market comes back so should these jobs. we will do everything in our power to or. treating washington times square is truly. and that obviously includes a hard look at the more than $100000000.00 in tax advantages that are to enjoy the annually by the boeing company. and meanwhile as boeing attempts to get approval for the troubled 737 max to return to service f.a.a. administrator steve dixon piloted test flight of the jetliner earlier this week 737

max has been grounded of course for 18 months after 2 deadly crashes took the lives of 346 people following the flight dixon told reporters i completed a number of test profiles today to examine the functionality of the aircraft and i like what i saw so it responded well for more on this to break it all down let's bring in captain devastator the communications committee chairman with the allied pilots association capitated always a pleasure to have you and have your expertise on this program what do you make of the administrators test flight and his comments following. well i'm a 737 pilot he lived up to his commitment to get in that aircraft and see what boeing 6 this was not part of the certification it was just a leader saying i'm going to be 1st at the stick we don't know what profile he went through you know we reviewed a lot of the training right now and he submitted comments along with the rest of the globe and found some areas that we still think need improvement but they're not

on me and. the m.k. we did not provide comment nor did many other folks regarding net and i think mr dixon said that the m.p.'s appeared much more benign but then he also went on to talk about what the ethiopian pilots and the inability to manually trim that aircraft after was ripped from them basically by the m.p.'s that's an area of focus for us and other pilot groups and regulators and he basically said well as you keep control of the aircraft there's no problem manually trimming it that's what human factor says about nasa we want to make sure that the training provides our pilots and so we've still got a ways to go seems to be there's a. a sprint to the finish line in clearly we're in a final phase but man we've got to get this right and a lot of these issues they're not issues that they're enhanced since that we learned along the way that would apply to the n.g.'s well so we don't want to just walk by and pick the best route out we have to make sure the entire market is is

good to go on and yet can you explain kept ager can you explain the factors that the f.a.a. seems to be missing here and what needs to be done to get the 737 max and place where you're comfortable piloting again because that's really the vicki we want safety for consumers and we want the pilots to feel safe and the pilots need to feel safe as well if we're going to put the $737.00 max back into service of course i say we as in the country and the f.a.a. not myself i don't have any role in this. well you have a role you might be on a mac some day and that's important so clearly what the f.a.a. needs to do is ensure and what we're looking for is the pilot isn't just trained with a profile for success is given confidence maneuvers not just in the m.k. switch which we believe has been fixed but in all these other areas where the aircraft me come on we'll be and you're required to manually recover the aircraft not from a a set up perfect scenario or one wired for success but one that really challenges

the edge of your skills and the edge of the ensemble within reason of course there are things that memory items that the f.a.a. has given retreat for us carriers to use which we believe are still critical on a couple of checklists that are being addressed in a training there's another one it's a human factor we hear all about the distractions not an airplane or an all these other alerts we've submitted comments along with others including us saying you need to provide the pilots once the emergency is over so we don't have to have all those alerts going on constantly a way to dishonor the power of those so they're cleanup items but they're critical items to ensuring that the pilot is connected with this air. craft because if the aircraft is sticks and the pilot is not fully trained given the full confidence to fly it you don't have an aircraft that's ready to roll and we're going to make sure that our voices heard on net already we're very pleased that other regulators and other pilot groups have made similar. inquiry and registered their remarks so it

shows that there's some some f. you can see to all that we're seeing on this and it's going to be interesting because we're going to have to follow where this goes from here obviously what the next steps are with the 737 max i can't leave without asking your expert opinion about these massive job cuts we're seeing in the industry after congress failed to extend another bailout to the airline industry are there any safety ramifications and how is this going to affect the airline employees to see these tens of thousands of job cuts that we're seeing specifically at american and united but but across the industry right now. that it's demoralizing and we're not giving up on congress today was another day of kind of a gaslighting way do we have an imminent and we didn't you mentioned you might see that that's. near voice style of what's going on in the world and unemployment there are 10000000 jobs outside the airline industry that are supported by so these unemployment numbers will continue to rise if they don't take action as far as the

safety aspect goes that's what reus front line workers say care of but i can assure you that the distraction and the stress even if it's financial special stress on our airlines does not help bolster the safety margin we're human beings these are businesses and it all comes into the mix so it's critical for all areas of interest that this bridge be completed they got halfway through with tears we won but right now we're in the middle of the river and the river grew wider and we need to see get us over the river and to say flank is right now we're walking off the edge of the bridge and we have no more fuel to hold while the storm is over the shield we need this day we need it now our country needs this now or we. won't be ready for the recovery and the billions that were invested in tears at one will have been squandered straight talk from captain dennis tator the communications committee chairman with the allied pilots association thank you so much for your expert analysis today. thank you sir. and time now for

a quick break but hang here because when we return there has been a major crackdown on the cryptocurrency industry as exchange bit max it's facing scrutiny from regulators going to bring you up to speed on the controversy with 2 keen crypto observers and as we go to break here are the numbers of the close of all red arrows. it was sort of amazing country with so many friends in russia and i'm very excited

to be here. i love that idea i think i can do. it every night and make a lot of money with. millions and hundreds of me. and. he has a nice. a great wall and nobody builds a lot better than me and i'll build a very inexpensive like a great great wall. just in case you're worried about who's going to pay for it mexico will pay for. it we'll see what happens who knows i always say who knows what we'll see and the failure will be success. always be polite never engage with a negative

a good or confrontational. don't get into any conversation or start answering questions just ask for an attorney. survivor territories. definitely don't want to be going to trial. on cops. you're more likely to walk free if you're rich and guilty or if you're poor and. you've got 2 eyes and ears and one mouth. so you should be seen in here and a whole lot more in your sand if you don't take that advice easy going to dig yourself a hole. everybody's reaching for that you. and i mean it's a rush and i think the resolution of this is there's going to be an honesty with

it's going to go on for maybe months as you already rejected it's. a must to mediate because this fighting is too early on that people actually need to see what territory they can get and i think when the fighting settles down and the lines are drawn and people realize that the not going to move through we're going backwards then they're going to. welcome back there's a major story in the crypto world as friday as topics the activists with a major crypto currency trading platform have been charged with violating us and the money laundering laws now the 3 founders a bit max along with the head of business development have been charged with one count each of violating the bank secrecy act and one count of conspiracy to violate

the ag now each charge carries a maximum penalty of up to 5 years in prison there's a lot of details to go over here so let's bring in co-hosts christiane and ben the crypto experts boom bust for sure ben i want to start with you here give us a rundown of how the founders of but next are accused of violating if they money laundering laws yeah essentially this comes down to something called k y c or know your customer laws right when you have a any kind of banking institution or you're associated with thinking you're required by the u.s. government to know who those customers are and to report their transactions because it's supposed to help cut down on money laundering now we could have a whole argument about whether or not that actually works or whether that's really the intention here i'll be. i'm very skeptical of it but setting that aside for a minute what this really comes down to is essentially you know the f.b.i. assistant director william sweeney says that in this case that max it's 3000 dollars and then its chief of operations as you said or business essentially he

says they willfully violated that banking secrecy act by evading its requirements he says that they at one point the defendants even bragged about setting up essentially the company and incorporating it in another country so they could get around those u.s. banking secrecy laws and essentially saying that quote bribing regulators in the country they set up in was the reason they did so because it cost just quote a coconut to do so there's and again i think that a lot of this comes down to the u.s. government deciding that going to crack down on any crypto currency exchange that it thinks is not giving it everything it needs to know the whole point of crypto currency is so that government doesn't know everything you're doing so there's a huge conflict here between the design of crypto and what the u.s. government wants from it kristie bit it's the 2nd largest crypto currency derivative exchange based on trading volumes what do these charges mean for the future of decentralized fine is well this could actually be a huge positive for

d 5 because as we've been saying all along here it's all about owning your own keys you should have a session of your own coins and buy and trust and to centralize exchange like that max like the fed ex and all the other you forfeited the right to your coins so if you don't own your keys you don't own your quite and that was a risk to all of the users of macs here but luckily for those users this time that macs actually reacted well and allowed the users to all withdraw their funds from the exchange rather than locking it up so operations still function as it should so very good i'm betting expo are honoring that so this recent crackdown by the regulators has shown once and for all that the centralization is the way to move forward and more projects will definitely be turning towards that route so as ben said the regulators complaint against max this time it. actually wouldn't apply to defy protocol since most governance token holders they don't operate a protocol in the same way that centralized exchanges do they operate they manage and they control a play training plan when they have the god view of all of the account holders defy

protocol as instead they are autonomy as they are self executing code and they don't hold any of the user's funds so in the long term this is a good thing but as ben also said there will be a day of reckoning for all of these d 5 products because they won't be able to dodge k y z m l for ever they won't be able to fully dodge all those requirements as the us the regulators will surely crack down on all these crypto products so of course right now there is some chatter and some worry in the community that the fi will soon suffer the same fate as bit max but they look at the market right now if there was real worry on the 5 products you would see you wouldn't see the 5 tokens like moving the way they are they would be plunging a lot more than they are today they wouldn't be bouncing back so authorities right now they cannot directly shutdown any decks do to the decentralized nature in the 1st place so the real the 5 projects not the many scam products are littering the ecosystem i know but the true decks platforms they will continue to build an

unstoppable financial infrastructure with free and open code. but after the announcement of these charges there's been a huge amount of movement of bitcoin flowing out of that mix why are we seeing the . yeah it was as christie said the reason we saw that was because obviously whenever you have an exchange that's being locked up whereas certainly in this case you have the the founders of the exchange being charged by the way only one of them was arrested in massachusetts the other 3 with not been arrested but on these charges but whenever that happens obviously there's this huge fear that all of a sudden you're going to have this immense a lockdown of the exchange and you won't be able to get your points out so that did not happen there is christi just said what's really remarkable about this is that the exchange was not locked down and users were allowed to withdraw their tokens and that's really really important but i also think that as we look at this i mean we are we are coming to an apex between the u.s. government and cryptocurrency the fact that the u.s. government fights of the way that they are only demonstrates how much legitimacy

crypto is gaining such a rapid pace because they can no longer ignore it and now they must actively fight it now kristie i want to bring up a kind of a different story off the situation here venezuela has launched a decentralized national stock exchange built atop the syrian block already launched to the newbie d.v.e. exchanges built to enable venezuelan investors to trade stocks bonds and real estate in a digital form what do you make of venezuela's increasing push into kind of a national crypto. i say 1st off let's not call it a centralized anything because saying that it's essential eyes and the same breath as you say national credit i mean that's like putting lipstick on a pig it's still a pig so this new exchange it's really just digitizing traditional assets such as stocks bonds real estates into e.r.c. token standards and basically running it on block chain so it's nothing groundbreaking it's just basically an overhaul in better bookkeeping and recording

transactions and a more secure tamper proof way. but however the real purpose of this national stock exchange is to enable and empower the use of the petro coin which is the venezuelan oil backed up to a currency so. the local economy was hit hard after the company significantly expanded its sanctions on. response to the petro coin in order to skirt the u.s. sanctions and expand the use of the petro in a wider agenda to give the government tools in order to quote all the mechanisms of persecution and blockade. of course we've gone for a lot longer thank you both for that expert analysis. and that's it for this time if you saw the man on the brand new portable t.v. app which is available on smartphones and tablets through google play and the apple app store portable t.v. . t.v. will see you next.

developers like trump they take risks they're risking that these properties could

blow up and not be worth anything of value and that's what entrepreneurs do and they get taxed the government gives them tax incentives to be entrepreneurial to be property. that's what those tax incentives are for to encourage entrepreneurs to go create millions of jobs by being property developers. in the u.s. . people. from yankee is right now my focus because it's a very dangerous. power plant the owner is attempting to run the beyond its operational limit. just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional. our lie with the people this demonstrates that struggle in the very

real ways. that raid siren without actually being like this. strikes of this story the hospital residential buildings or the things between. into this. and this very town just outside the disputed area has been president they support the country's military operations. i'm ready to do. we will win a land track and soon as possible i'm going to go to karabakh and put a flag. with a new move to a military hospital is a cautionary measure after testing positive.